Most analysts had expected the signal, yet relief prevailed on the stock exchanges. For the third time in a row, the US Federal Reserve has taken a break on interest rates. What’s more, it has indicated three interest rate cuts for the coming year.

Three interest rate cuts next year Whether this is to be interpreted as an early Christmas present remains to be seen. After all, the US economy and labor market remain robust. Fed Chairman Jerome Powell at yesterday’s Fed meeting: „Recent indicators suggest that economic activity has slowed sharply from the above-average pace of the third quarter. Nevertheless, GDP is expected to grow by 2.5 percent in the full year.“

Inflation rates in the US falling It is already certain: The inflation pressure on the US continues to decline, albeit in small steps. Inflation in the US fell slightly to 3.1% in November (after 3.7% in September).

First interest rate cuts from May 2024 The first interest rate cuts are now expected from May 2024. The gold price has already reacted and has jumped back above the important mark of 2,000 US$, as you can see in the chart.

Strong catch-up potential with small tech companies Conclusion: After the decision of the US Federal Reserve, it is clear: There will be no further interest rate increases this year, but nor will there be rapid interest rate cuts. When that happens, the financing conditions of many small innovative tech companies, which are currently still making losses, will also change. Especially with such tech stocks, you have the highest catch-up potential. However, it is clear that most gold mining stocks have not yet made the chart turnaround, so you can get in now and position yourself perfectly for the gold rally in 2024.